What is going on with student loans?

[Anonymous]

ODU yearly tuition is only about $11k instate. Same for Salisbury State. Totally manageable with stafford loans, student working only 15 hrs/week year-round and living with roommates.

If you want a shiny university to brag about, pay up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Democrats will never hold the (majority-Democrat) college lobby accountable for any reform that would lead to lower SL debt.

To the contrary, the Obama administration spent years battling Republicans to try to reign in the worst colleges selling useless degrees. They enacted a regulation called the gainful employment rule that would have disqualified colleges from eligibility for federal student aid if large numbers of their graduates fail to land good jobs that would allow them to repay their debts. Obama also revoked recognition of one of the worst accrediting bodies. The Trump administration then scrapped the regs and recognized that accrediting body, letting those colleges go right back to selling useless degrees funded by federal loans. But I don't want to confuse you with facts.

Most non-profit colleges are no better than for-profit ones.

This is very true. Many "nonprofit" private colleges are total scams; nonprofit does not confer charitable mission by any means. And frankly, 2-year community colleges and regional 4-year public universities are not much better. Community colleges have <25% completion rates and most regional 4-years have <50% completion rates. Every year these local colleges soak thousands of poor students with debt who NEVER graduate. At least if you have a degree you qualify for a half-decent career. No degree plus loans is a financial grave for poor young adults.

I don’t think most people attend CC with the goal to “graduate.” The goal is to take a class or two at a time for some particular purpose or to transfer.

That's just not true. The most successful transfers transfer to a four-year university with the associate's. 3 in 4 CC students never graduate from anywhere.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Democrats will never hold the (majority-Democrat) college lobby accountable for any reform that would lead to lower SL debt.

To the contrary, the Obama administration spent years battling Republicans to try to reign in the worst colleges selling useless degrees. They enacted a regulation called the gainful employment rule that would have disqualified colleges from eligibility for federal student aid if large numbers of their graduates fail to land good jobs that would allow them to repay their debts. Obama also revoked recognition of one of the worst accrediting bodies. The Trump administration then scrapped the regs and recognized that accrediting body, letting those colleges go right back to selling useless degrees funded by federal loans. But I don't want to confuse you with facts.

Most non-profit colleges are no better than for-profit ones.

This is very true. Many "nonprofit" private colleges are total scams; nonprofit does not confer charitable mission by any means. And frankly, 2-year community colleges and regional 4-year public universities are not much better. Community colleges have <25% completion rates and most regional 4-years have <50% completion rates. Every year these local colleges soak thousands of poor students with debt who NEVER graduate. At least if you have a degree you qualify for a half-decent career. No degree plus loans is a financial grave for poor young adults.

I don’t think most people attend CC with the goal to “graduate.” The goal is to take a class or two at a time for some particular purpose or to transfer.

That's just not true. The most successful transfers transfer to a four-year university with the associate's. 3 in 4 CC students never graduate from anywhere.

Because A) Thar wasn’t the goal. At CCs, you have elderly folks taking classes to keep their minds sharp, high school kids taking summer classes, and everything in between and B) Many CC students face significant barriers to graduating. Many have children of their own, for example.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Democrats will never hold the (majority-Democrat) college lobby accountable for any reform that would lead to lower SL debt.

To the contrary, the Obama administration spent years battling Republicans to try to reign in the worst colleges selling useless degrees. They enacted a regulation called the gainful employment rule that would have disqualified colleges from eligibility for federal student aid if large numbers of their graduates fail to land good jobs that would allow them to repay their debts. Obama also revoked recognition of one of the worst accrediting bodies. The Trump administration then scrapped the regs and recognized that accrediting body, letting those colleges go right back to selling useless degrees funded by federal loans. But I don't want to confuse you with facts.

Most non-profit colleges are no better than for-profit ones.

This is very true. Many "nonprofit" private colleges are total scams; nonprofit does not confer charitable mission by any means. And frankly, 2-year community colleges and regional 4-year public universities are not much better. Community colleges have <25% completion rates and most regional 4-years have <50% completion rates. Every year these local colleges soak thousands of poor students with debt who NEVER graduate. At least if you have a degree you qualify for a half-decent career. No degree plus loans is a financial grave for poor young adults.

I don’t think most people attend CC with the goal to “graduate.” The goal is to take a class or two at a time for some particular purpose or to transfer.

That's just not true. The most successful transfers transfer to a four-year university with the associate's. 3 in 4 CC students never graduate from anywhere.

Because A) Thar wasn’t the goal. At CCs, you have elderly folks taking classes to keep their minds sharp, high school kids taking summer classes, and everything in between and B) Many CC students face significant barriers to graduating. Many have children of their own, for example.

Spin spin spin. I have nothing against CCs, but there's no need to get on here and lie about how many people simply wasted their life and went into debt at them and quit before graduating. They're big business and I'm assuming you're affiliated with one since you're on here spinning.

[Anonymous]

Why isn’t the plumber who invested big in trucks and equipment not getting this loan transference?

[Anonymous]

Anonymous wrote:Why isn’t the plumber who invested big in trucks and equipment not getting this loan transference?

Because he/she is not part of Biden's constituency. This is all an effort to buy votes.

[Anonymous]

Anonymous wrote:ODU yearly tuition is only about $11k instate. Same for Salisbury State. Totally manageable with stafford loans, student working only 15 hrs/week year-round and living with roommates.

If you want a shiny university to brag about, pay up.

The Stafford loan program is no longer making new loans, which illustrates how seriously we should take your advice on this topic.

[Anonymous]

Learn a trade

[Anonymous]

Anonymous wrote:

Anonymous wrote:ODU yearly tuition is only about $11k instate. Same for Salisbury State. Totally manageable with stafford loans, student working only 15 hrs/week year-round and living with roommates.

If you want a shiny university to brag about, pay up.

The Stafford loan program is no longer making new loans, which illustrates how seriously we should take your advice on this topic.

What? Of course they are. Do you know what Stafford loans are?

[Anonymous]

Anonymous wrote:

Anonymous wrote:ODU yearly tuition is only about $11k instate. Same for Salisbury State. Totally manageable with stafford loans, student working only 15 hrs/week year-round and living with roommates.

If you want a shiny university to brag about, pay up.

The Stafford loan program is no longer making new loans, which illustrates how seriously we should take your advice on this topic.

“The term “Stafford Loan” may refer to a subsidized or unsubsidized Federal Stafford Loan that was made to students attending schools that previously participated in the Federal Family Education Loan (FFEL) Program. No new loans have been made under the FFEL Program since July 1, 2010. However, many people and schools also informally use the term “Stafford Loans” or “Direct Stafford Loans” to refer to Direct Subsidized Loans and Direct Unsubsidized Loans made under the William D. Ford Federal Direct Loan (Direct Loan) Program. If a school today says that it offers “Stafford Loans” or “Direct Stafford Loans” to its students, this means Direct Subsidized Loans and Direct Unsubsidized Loans.“

[Anonymous]

Anonymous wrote:Why isn’t the plumber who invested big in trucks and equipment not getting this loan transference?

Why didn’t I get any of the Trump farm payments?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why isn’t the plumber who invested big in trucks and equipment not getting this loan transference?

Why didn’t I get any of the Trump farm payments?

Because you are not a farmer.
Why won't my kids who have paid off their student loans get any money from this give away as a way of being rewarded for being responsible?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why isn’t the plumber who invested big in trucks and equipment not getting this loan transference?

Why didn’t I get any of the Trump farm payments?

Because you are not a farmer.
Why won't my kids who have paid off their student loans get any money from this give away as a way of being rewarded for being responsible?

Because they have no loan debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why isn’t the plumber who invested big in trucks and equipment not getting this loan transference?

Why didn’t I get any of the Trump farm payments?

Because you are not a farmer.
Why won't my kids who have paid off their student loans get any money from this give away as a way of being rewarded for being responsible?

Because they have no loan debt.

You're right. They don't. Because they are responsible and were not waiting around for the government to bail them out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why isn’t the plumber who invested big in trucks and equipment not getting this loan transference?

Why didn’t I get any of the Trump farm payments?

Because you are not a farmer.
Why won't my kids who have paid off their student loans get any money from this give away as a way of being rewarded for being responsible?

Because they have no loan debt.

You're right. They don't. Because they are responsible and were not waiting around for the government to bail them out.

Great. And I didn’t get farm bailouts because I don’t run a farm that needed a bailout. Not everyone benefits from every program.